Video URL: https://www.youtube.com/watch?v=fiBZmJM5-Ww
Sources:
Donald Trump just made the IRS permanently stop investigating him, his sons, and his businesses The U.S. is “forever barred and precluded” from examining or prosecuting Trump, his sons and the Trump organization’s current tax issues, per a one-page document posted to the DOJ website Tuesday — Associated Press / KSAT
he did it through a one-page document the Justice Department slipped onto its website a day after telling the country the settlement included no payments and no damages Monday’s publicly released settlement stated Trump “will not receive any monetary payment or damages of any kind”; the audit-waiver addendum appeared on the DOJ website separately the next day — Associated Press / KSAT
The addendum was signed by Acting Attorney General Todd Blanche “The deal, laid out in a document signed by acting attorney general Todd Blanche, could result in taxpayer payouts to the president’s allies” — Washington Post
It was not part of the agreement released the day before “Waiver of IRS’ claims contained in addendum signed by AAG Blanche that was not in agreement released Monday” — Josh Gerstein, Politico (via X)
it permanently bars the United States government from examining or prosecuting Trump, his sons, the Trump Organization, and associated companies and trusts on any current tax issues — forever The settlement bars the U.S. from examining or prosecuting Trump, his sons, and the Trump Organization, with the addendum expanding the scope to cover all tax returns filed by Trump, family members, companies and trusts — Associated Press / KSAT
Section 7217 of the tax code makes it a crime — up to five years in prison — for the President or any White House employee to directly or indirectly request that the IRS terminate an audit of a specific taxpayer “Under section 7217 of the tax code, it is unlawful for the President and any employee of the Executive Office of the President, among other officials, to directly or indirectly request that the IRS terminate any ongoing audit or investigation of any particular taxpayer. Violating section 7217 carries a criminal punishment of up to five years imprisonment and/or a $5,000 fine” — Tax Law Center at NYU Law
That statute was written after Nixon “Congress strengthened the tax code’s protections against political interference on an overwhelmingly bipartisan basis following public revelation of President Nixon’s failed attempts to use the IRS to target political enemies” — Tax Law Center at NYU Law
The same day the settlement was announced, the Treasury Department’s chief legal officer, Brian Morrissey, resigned “The Treasury Department’s chief legal officer resigned Monday following the Department of Justice’s (DOJ) launch of a $1.8 billion ‘anti-weaponization fund'” — The Hill